ECONOMY

Anticipation takes toll on local stocks

Investor anticipation of Thursday?s eurozone summit saw stocks in Athens end split down the middle between gainers and losers on Wednesday while turnover dropped to just over 50 million euros.

The Athens Exchange (ATHEX) general index ended at 1,184.35 points, falling by 0.29 percent from Tuesday?s close at 1,187.74 points.

The blue chip FTSE/ATHEX 20 index declined by just 0.03 percent to end at 515.27 points.

The mid-cap FTSE/ATHEX 40 however posted growth of 0.60 percent.

Bank of Cyprus outperformed the blue chips with gains of 1.85 percent, ahead of National Bank (1.61 percent) and Piraeus Bank (1.18 percent).

Titan cement led the losers, shedding 2.79 percent, while Coca-Cola HBC declined by 2.03 percent, Marfin Investment Group lost 1.96 percent and Public Power Corporation gave up 1.69 percent to return to a year-low of 8.75 euros.

In total, 61 stocks moved up, 61 went down and 53 remained unchanged. Unibios posted the highest gains, adding 20 percent, while Koumbas Holdings was the worst off with a 12.50 percent drop.

Turnover came to 50.3 million euros on Wednesday, down from 64.9 million on Tuesday.